Tech Company Financing Transactions
WNWN Food Labs Funding Round
WNWN Food Labs, operating out of London, secured $5.6 million in funding from PeakBridge VC, Geschwister Oetker and HackCapital.
Transaction Overview
Company Name
Announced On
2/28/2023
Transaction Type
Venture Equity
Amount
$5,600,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use there funds to scale up manufacturing and add headcount as it prepares for a UK retail launch later in 2023.
Company Information
Company Status
Private & Independent
Industry
FoodTech
Mailing Address
Number One, Vicarage Lane
London, E15 4HF
UK
London, E15 4HF
UK
Phone
Undisclosed
Website
Email Address
Overview
WNWN Food Labs (pronounced 'win-win'), founded in 2020, is creating a win-win situation for food producers, consumers, and the environment. WNWN uses technology to transform humble plant-based ingredients into high-value, sustainable and ethical treats. WNWN, headquartered in London, was the first company to bring cocoa-free chocolate to market. Its proprietary process of traditional fermentation techniques converts sustainable ingredients including British barley, used for centuries in beer and whisky, and carob, rich in polyphenol antioxidants, into premium cocoa-free "choc" that looks, smells, tastes, melts, snaps and bakes like the real thing--and feels just as indulgent. It's also dairy-free, palm oil-free, caffeine-free, gluten-free, lower in sugar than comparable products, and even safe for your dog since it contains no theobromine.
Management Team
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